7 Aug 2019
CHAN KAI YAN AND ANOTHER v. LEUNG CHI KIT AND OTHERS
- Citation
- [2019] HKCFI 1828
- Court
- Court of First Instance
- Case number
- HCA2498/2014
The plaintiffs' bulk claims are barred by the reflective loss rule because the losses claimed principally reflect losses to Lucky Ford for which only the company/liquidators may sue; only limited categories of personal loss that are distinct from company loss (for example, failure to procure distribution where company had distributable profits but was prevented from distributing by defendants' specific failures to prepare accounts or file returns) survive at this stage; plaintiffs granted limited leave to re-amend to plead only non-reflective losses.